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Reference R6564

Italian Restaurant in Chingford For Sale

Italian Restaurant in Chingford For Sale
Buy a Italian Restaurant in Chingford For Sale Sell a Italian Restaurant in Chingford For Sale Italian Restaurant in Chingford For Sale for Sale Italian Restaurant in Chingford For Sale for Sale Italian Restaurant in Chingford For Sale for Sale Italian Restaurant in Chingford For Sale for Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, EAST LONDON CHINGFORD

Turnover 7,000
Price 158,995

Features

Licensed Italian Restaurant

AMPLE PARKING IN FRONT OF PARADE PAY & DISPLAY FROM 10 A.M. - 4 P.M. EACH DAY, HOWEVER FREE ON SUNDAYS

SPACIOUS LICENSED ITALIAN RESTAURANT. 2 large glass sliding doors to front - these can be opened to provide an open front. In addition there is a further front entrance for customers. The restaurant has a quality tiled floor, ceiling lighting on tracks. Tables & chairs providing seating for 72 persons (can be increased to approximately 100 persons for parties). BAR with 2 hand pumps, double door glass fronted counter fridge, computerised till.

SERVERY AREA with 2 group coffee machine (owned), single door stainless steel counter deep freezer, double door stainless steel counter fridge, large 3-deck pizza oven, dough mixer, large marble topped counter with refrigerated topping section.

REAR WASH-UP AREA with tiled floor, tiled walls, commercial dishwasher, double sink & drainer.

FULLY TILED KITCHEN with 3-door stainless steel counter fridge, sink, wash hand basin, stainless steel extractor plus stainless steel cladding to walls, plate warmer, 2 6-burner gas cookers with ovens, electric double deep fryer, ice machine, microwave oven.

Rear stockroom/preparation room with gravity feed slicer, walk-in coldroom, walk-in deep freezer, ice cream deep freezer

Office
Wine Cellar

Fully tiled ladies' cloakroom with w.c. & wash hand basin, electric hand dryer
Disabled cloakroom with w.c. wash hand basin, electric hand dryer plus baby changing facilities
Fully tiled gentlemen's cloakroom with 2 urinals, w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the vendor with in the kitchen 1 full time chef, 1 full time assistant chef, 1 part time washer-up, 1 full time pizza chef. Restaurant area 2 full time waiters plus additional staff when required.

Trading Hours

Operated 6 days per week
Sunday - 12 noon - 10.30 p.m.
CLOSED ALL DAY MONDAY
Tuesday, Wednesday, & Thursday - 12 noon - 10.30 p.m.
Friday & Saturday - 12 noon - normally approximately 11.30 p.m.

Outside

Yard at rear with parking space for 2 cars

Tenure

The entire premises are held on a secure renewable lease having approximately 8 years unexpired at a rental of 40,000 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.

Uniform Business Rates: 15,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 158,995 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 79,498 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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